Crude oil prices are finally bouncing back, and investors can also track the ups and downs of the energy market through commodity-related exchange traded funds (ETFs).
West Texas Intermediate crude oil futures were down 2.4% Tuesday to $43.7 per barrel while Brent crude oil futures were 1.7% lower to $45.1 per barrel.
Oil prices fell for a third straight session Tuesday on expectations of rising crude oil inventories, renewed concerns over weaker Chinese demand and expanding global supply, reports Nicole Friedman for the Wall Street Journal.
Prices have retreated 5% since touching a 2016 high last week as traders questioned the ongoing strength in the oil rally. Energy prices bounced from the February lows on some global supply problems and expectations of a dip in U.S. output.[related_stories]